Penn West Units definition

Penn West Units means trust units of Penn West Trust; and
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Examples of Penn West Units in a sentence

  • No fractional Penn West Units will be issued on any conversion but in lieu thereof, the Trust will satisfy such fractional interest by a cash payment equal to the market price of such fractional interest determined in accordance with the Indenture.

  • Units in the Indenture shall be changed to refer to Penn West Units.

  • Penn West has agreed to use its reasonable commercial efforts to effect the listing of the Penn West Units on either the New York Stock Exchange or the American Stock Exchange.The Arrangement will require the approval of at least two-thirds of the votes cast by each of the Penn West Unitholders and the Petrofund Unitholders, voting at the respective meetings of Penn West and Petrofund.

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the Penn West Units or any other securities of Penn West has been issued by any regulatory authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of Penn West and PWPL, are contemplated or threatened under any Applicable Laws or by any other regulatory authority.

  • If a Debenture is surrendered for conversion on an Interest Payment Date or during the five preceding Business Days, the Person or Persons entitled to receive Penn West Units in respect of the Debenture so surrendered for conversion shall not become the holder or holders of record of such Penn West Units until the Business Day following such Interest Payment Date.

  • To adjourn the SSGT II Special Meeting to solicit additional proxies in favor of the Merger Proposal if there are not sufficient votes to approve the Merger Proposal, if necessary and as determined by the chair of the SSGT II Special Meeting, which we refer to as the “Adjournment Proposal.”☐☐☐ B Authorized Signatures — This section must be completed for your vote to be counted.— Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this proxy card, and date it.

  • As of the date of this Agreement (i) the Penn West Units are not a class of securities registered or required to be registered pursuant to Section 12 of the U.S. Exchange Act, and (ii) Penn West reasonably believes that there is not “substantial market interest” (as such term is defined in Regulation S under the U.S. Securities Act) with respect to such class of securities.

  • The Trust may, on notice as provided in the Indenture, at its option and subject to any applicable regulatory approval, elect to satisfy its obligation to pay all or any portion of the applicable Redemption Price by the issue of that number of Penn West Units obtained by dividing the applicable Redemption Price by 95% of the Current Market Price of the Penn West Units.

  • As of the date hereof, the authorized capital of Penn West consists of an unlimited number of Penn West Units and an unlimited number of Special Voting Units (as defined in the Penn West Trust Indenture).

  • The Trust may, on notice as provided in the Indenture, at its option and subject to any applicable regulatory approval, elect to satisfy its obligation to pay all or any portion of the applicable Redemption Price by the issue of that number of Penn West Units obtained by dividing the applicable Redemption Price by 95% of the weighted average trading price of the Penn West Units on the Toronto Stock Exchange for the 20 consecutive trading days ending on the fifth trading day preceding the Redemption Date.

Related to Penn West Units

  • Trust Units means units of the Trust;

  • Common Units is defined in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Company Units has the meaning set forth in the Recitals.

  • BRS means Behavior Rehabilitation Services.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • GP means Gottbetter & Partners, LLP.

  • Trust Unit means units in the capital of the Trust;

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Carlyle means Carlyle Investment Management, LLC.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Partnership Securities has the meaning assigned to such term in Section 4.4(a).

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) which may be evidenced by Partnership Securities or a combination thereof or interest therein, and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Constellation has the meaning assigned to that term in the Recitals.